WalPlast’s Journey From Turbhe to all Four Corners of India


Walplast logo

Walplast Products Pvt. Ltd, an ISO 9001:2015 Certified Indian Multinational Company established in 2004.

Being one of the largest and leading manufacturers of Building Construction Material Products in India. They have 17 manufacturing facilities strategically located in all four corners of India along with well-equipped R&D laboratories comparable to the World International Standards with full equipment and high-end technology machines for its testing process.

A traditionally B2B company, the brand has grown at a CAGR of 14% for several years now, capturing international markets such as Africa and the GCC in the process. In a market of 50 lakh metric tonnes per annum or INR 7500 Crore run to a large extent (close to 60%) by the unorganized segment, Walplast has quietly built up a strong market share of 7.5 lakh metric tonnes per annum. In fact, in the last 5 years, Walplast products have touched the lives and houses of more than 5 crore Indians, with the highest point being the last financial year, where Walplast products were used in 40 lakh homes nationwide.

They follow the Parameters of the Singapore Housing Board and Indian, European, and American Testing Standards.

Chief executive officer

Walplast CEO

Milan Thakkar, CEO of Walplast, has been a turnaround management asset across all organizations in that he has worked. By self-admission, Milan is a growth addict. He states very clearly that the only reason he would enter a business is to look at exponential growth, something he has driven across all brands that he has associated with. Proof of the pudding is the manifold growth he drove at his previous organization as well as the exponential growth he has brought to the Walplast stable. Milan holds a management degree from a renowned B-School of Pune and an engineering degree from Mumbai University.

Prior to joining Walplast, he founded a management consulting firm that advised SMEs on growth strategies. Milan confesses to having learned as much as he did as an entrepreneur, if not more about business management since having moved into his role at Walplast.

The Journey

Walplast Journey

Started with a small step in 2004 with a vision to be the most trusted worldwide Indian company by following best practices, and by creating value that has faced many obstacles along the way but has turned every obstacle into milestones. Started with a manufacturing plant in Turbhe, Maharashtra, and to date have 17 manufacturing facilities strategically located in all the corners of India, and that’s not all. They are the 3rd Largest manufacturer of wall putty in India and are one of the largest exporters of wall putty.

Achievements or Recognition

As they say: “At Walplast we don’t just create material for strong constructions but we believe in building stronger communities and stronger nations, so this is our small step towards building a strong country.” They believe in providing unconditional support for building a strong society. People at Walplast say that his (Mr. Milan Thakkar’s) thoughts and beliefs motivate us more towards providing our time and dedication to the betterment of society wholeheartedly.

Walplast has already supported many Government’s Landmark Projects PAN India, Like, BARC Trombay Mumbai, Military Engineering Services Mumbai, and Maharashtra, Maharashtra Housing and Area Development Authority, Maharashtra Police Housing, CIDCO Project Navi Mumbai, Central Public Works Department Mumbai and Maharashtra, BPCL & HPCL Projects, Central Public Works Department Raipur, Madhya Pradesh Housing Board, Chhattisgarh Housing Board, Central Public Works Department & Public Works Department Uttar Pradesh.


Their Mission is to adopt best practices and to become a production and selling standalone of One Million Tonnes of Building Construction Material Manufacturing Organisation by the year 2022-23.

Core Values

  • Being honest in everything we do to fulfill our commitments and provide the best quality products.
  • Being responsible for everything we do.
  • Respecting everybody everywhere.
  • When we feel a sense of urgency, we act accordingly.
  • And finally, Keep our Customers as our prime focus.

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